Swift Energy Earnings: Here’s Why Investors are Buying Shares Now

Swift Energy Co. (NYSE:SFY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.52%.

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Swift Energy Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 100% to $0.16 in the quarter versus EPS of $0.08 in the year-earlier quarter.

Revenue: Rose 7.59% to $146.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Swift Energy Co. reported adjusted EPS income of $0.16 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $138.05 million.

Quoting Management: Terry Swift, CEO of Swift Energy commented, “Swift Energy delivered strong operational results during the first quarter. Our refined drilling and completion techniques in the Eagle Ford shale and the strong performance of our base production in Lake Washington resulted in higher than forecast production volumes. We’re encouraged by our progress so far this year.”

Key Stats (on next page)…

Revenue decreased 7.42% from $157.91 million in the previous quarter. EPS decreased 38.46% from $0.26 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.27 to a profit $0.14. For the current year, the average estimate has moved down from a profit of $1.43 to a profit of $0.67 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)